Financial Statements
Complete Financial Statements (.pdf)
Financial Highlights
Statement of Activities
Balance Sheet
Cash Position
Endowment Assets and Similar Funds
Debt and Credit Ratings
Sponsored Research and Gifts
Strong Memorial Hospital
Related performance data
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Financial Statement Highlights
Strong Memorial Hospital Highlights
| ($ in thousands) | 2002 Actual | 2003 Actual |
| Total Operating Revenues | $601,119 | $646,536 |
| Total Operating Expenses | $581,665 | $618,362 |
| Income from Operations | $19,454 | $28,174 |
| Operating Margin | 3.2% | 4.4% |
| Nonoperating Revenue | $7,469 | $2,674 |
| Total Margin | $26,923 | $30,848 |
| Total Margin | 4.5% | 4.8% |
- Strong Memorial Hospital continues to operate with positive margins.
- The operating margin improved from 3.2% in 2002 to 4.4% in 2003.
- Improvement is primarily the result of increased revenue (7.6% growth) generated by expanded inpatient and outpatient services.
- Operating expenses increased 6.3%. Increases in professional liability insurance, medical supplies and temporary nursing costs were partially offset by $5.0 million in cost reductions.
- The non-operating revenue decline was the result of an extraordinary item, the sale of the hospital's outpatient dialysis service in 2002.
